Cloud Computing is among the fastest emerging trends in the IT industry. With more and more corporate organizations are depending on cloud computing, the cloud security is among the biggest concerns raised by the whole industry. Hence, the market for cloud application security is set to grow in the near future. Organizations need to implement security solutions in order to manage consistency in the security policies across the hybrid data center. Via cloud application, organizations need to integrate application server and in-memory data grid capabilities together. With cloud applications, customers wish to create an intelligent, connected and customer-centric supply chains in the organizations. Cloud application security solution offers data security with real-time monitoring. It alerts the system during the events of a data breach.
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Market Research Future (MRFR) has published a research report about the global cloud application security market that figures huge growth with 14% CAGR in this market between 2017 and 2023. In terms of cash, the growth will rise to the US $ 12 bn as revenue. Factors that are driving the cloud application security market are artificial intelligence (AI), critical cloud applications, and security infrastructure. Due to rising security breaches, companies are targeting not only to overcome compliance but also to maintain strong regulations and compliance requirements among the organizations. The cloud application security solutions that are expected to contribute to the rapid growth of this market include analytics and reporting, cloud application discovery, data protection, threat protection, during the forecast period.
Some of the prominent players in the global Cloud Application Security Market: Microsoft Corporation (U.S), Cisco Systems Inc. (U.S), Fortinet, Inc. (U.S), Symantec Corporation (U.S), Bitglass Inc. (US), Oracle Corporation (U.S), Palo Alto Networks, Inc. (U.S), Proof point Inc. (U.S), Netskope Inc. (U.S), Censor Net Ltd. (U.K), Cipher Cloud (U.S), Skyhigh Networks (U.S), IBM Corporation (U.S), Trend Micro Inc. (Japan), Zscaler (U.S), McAfee, Inc. (U.S), and Juniper Networks, Inc. (U.S) among others.
Global Cloud application security Market Segmentation
The global cloud application security market is segmented into component, organization size, vertical, and region. The component is further segmented into solutions. The solution is sub-segmented into data protection, cloud application discovery, analytics and reporting, and threat protection. Furthermore, the data protection is sub-segmented into encryption, data loss prevention, identity and access management. The cloud application discovery segment is further classified into risk assessment, cloud application database. The analytics and reporting is segmented into cloud usage analytics and anomaly detection, log management. The threat protection is segmented into security information and event management, malware detection and prevention. The services includes consulting service, support services, training and education service and other. The organization size are segmented into small and medium-sized enterprises, large enterprise. The vertical are segmented BFSI, government and defense, IT and telecom, healthcare, retail and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
Market Research Analysis:
The global cloud application security market is consists of the Americas, Europe, Asia Pacific, and Rest of world. North America is dominating the global cloud application security market. The cloud application security market is witnessing a high growth due to huge demand from various verticals such as government and defense, IT and telecom, healthcare, retail, and others. Europe is projected to hold the second largest share of the cloud application security market during the forecast period. Asia Pacific is expected to witness the highest CAGR in the coming years.
Latest Industry News
- Google has introduced shielded virtual machines (VMs). These would leverage advanced platform security capabilities to help ensure that there is no tampering with the users’ VMs. These specialized VMs run on Google Cloud Platform (GCP). They come with a set of partner security controls to defend against things like boot kits and rootkits. 25 JUL 2018
- Zscaler, a global cloud-based information security company has announced integration with Microsoft Cloud App Security. The Zscaler™ platform-Microsoft Cloud App Security integration feature set delivers the security of the Zscaler security cloud coupled with the functionality of the Microsoft Cloud App Security solution. It provides a streamlined service that allows enterprises to embrace the cloud securely. 26 JUNE 2018
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- Cloud application security companies
- Cloud application security providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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